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Blog 21/7: Sell GBPJPY in short-term time frame

Hi traders,
The daily chart of GBPJPY shows double top model. So I prefer to sell GBPJPY at balanced area when price bounce back with expectation that trend down will continue. let's see the daily chart:
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Blog 13/7: Buy GBP vs JPY and USD

Hi Traders,
GBPUSD has bounced back strongly from 1.28 level, this level also is fibonacci 50% level. I expect GBP will be more stronger and up above 1.3 l3vel again. I choose to buy GBP vs JPY and USD as JPY still be weak in my view. Good luck
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Blog 15/5: Sell GBP/JPY for bearish correction

Hi Traders,
GBP/JPY has increased from 136 to 148 level. I expect it's time for bearish corretion at least two weeks ahead, so my strategy is sell on rally. The target of this correction process could be 142 level. let's see the daily chart below:
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GBPJPY - Reversal signal!

Hello community,
The D1 chart of GBPJPY show reversal signal and this pair could continue fall down from now untill find support around 191 level! D1 chart is simple as below:
My final target on D1 may be around 180 level!
Good luck to all
Haynes
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GBPJPY - evening star in weekly chart

Hello community,
The weekly chart GBPJPY show evening star candle on 21st June, price gap down and try to fill this gap but not successful. I expect price will move down from now to test 185 and even 180 level. Look at my chart for detail:
Good luck to all
Haynes
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GBPJPY - Short setup

Hello community,
It would be a good chance to sell GBPJPY at current level with stop above the gap resistance 193.7 when U.k's employment data was bad in June the first time in three years. Target could be around 190 level.
Good luck
Haynes
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GBPJPY - Hot Zone and also Killing zone too!

Hello community,
Look at the daily chart GBPJPY. I saw that 180~182 area should be a hot zone and it's also called Killing Zone! So price action in this area will be interested in. I expect consolidation period in the next week and we can see reversal back to downtrend but I will wait market show it hands first before make decision! Let's wait and see.
Have a good weekend
Haynes
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GBP - USD - JPY analysis!

A quick view about GBP, USD and JPY.
- GBP: Economic data: CPI flat and near to deflation, unemployment rate continue to improve. Monetary Policy stance is neutral. Risk ahead: uncertain about the General elections on May 7th and worry about deflation.
- USD: is consolidating after seri of weak economic data and uncertain about time to start rate hike!
- JPY: After QQE, it seems that BOJ is waiting for more signal from economic data before make decision. Question for market is what is the parity…
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My opinion: GBP bearish; USD bearish or neutral and JPY neutral or bullish!
--> I means GBPJPY could be great pair to trade in the next coming months

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Thanks Community Support for Dukat points :)

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GBPJPY - major reversal

Background: This analysis base on price action, trend line, support/resistance level and ascending triangle in weekly and daily charts. Let's see the charts below!
1. Weekly chart: Weekly chart shows ascending triangle in a up trend and the consolidation period just ended. A break the rising trend should be signal for reversal in Daily chart.
2. Daily chart: Ascending triangle has just break and we can see more downside of this pair. The next support level are 169.5; 168 and 164 and strong resis…
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The pair test 169.5 support level and bounce slightly from there. I think we can see another symetric reversible semigroup

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This pair isn't going down as my forecast. This pair is neutral now!

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A break hasn't happened! Overall JPY still weak at least untill BOJ tighten the QE :D

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I still expect down movement!

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GBPJPY continuation trend after consolidation period

1. Weekly chart: I see the pair GBPJPY is in consolidation period and it will finish in coming weeks. The rising trend will continue? Price rebounce as hit the trend line. Quick rejection at 164 level, strong support at 167.6 level and range consolidation is narrow now. It should be prepare for rising trend continuation.
2. Daily chart: Rising triangle in the rising trend. So the trend should continue! We can see the pair pull back to trend line before rocket
3. GBPUSD can go up to 1.703, meanw…
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The pair is standing at resistance area. I expect a small pull back before rocket to sky :D

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This pair is pulled back to the rising trend line. I expect price go up from there!

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This pair is accumulating for a big move. Major reversal, SELL on high is my strategy now.

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Sell pressure after ascending triangle consolidation in a up trend

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Wrong prediction :D Bears power behind the consolidation

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